5:39 pm - Finally, the FKLI is crossing down.

Today is the end of the year 2006 trading. I believe I had a good year in trading. Trading returns is almost 60%. I believe the systems work. Cut your losses fast and let the profits run.

Have a good year for 2007 and make sure you have a trading goals ready for 2007.

Happy New Year.

I am think to go long at this stage. Wait until market re-opens on Jan 3, 2007

5:11 pm - No long position triggered as the 7 bar line change happens at 4-5 pm.

No position taken.

5:09 pm - Trade #19 is triggered short at 1071

Stop out at 1062. Profit +9 pts.

4:56 pm - Trade #18 is stopped out at 1062

Profit of +9 pts.

9:55 am - Update : Trade #18 triggered long at 1071.

Stopped out at 1082. Profit +11 pts.

9:53 am - Trade #17 stopped out at 1067.

Update : Short trade #17 works well +23.5 pts

4:37 pm - Trade #17 is triggered short at 1090.5

Stop loss now at 1097.5

1:07 pm - FKLI drop 50 points due to no buyer at the bottom.

Trade #15 is out at 1100.5 Profit +9.5 pts.

What a interesting morning to begin. At 9.26 am and within a span of 2 mins. from 1105.5 it drops to 1050 and went back to 1105.5.

Explanation : The market is getting very bearish at the top.

5:18 pm - FKLI hits 1100 and trading at 12 pts premium.

Trail stop to 1091.5

5:01 am - FKLI has gone way, way premium

Almost 11 point premium now. Trail stop to 1090.5

4:52 pm - FKLI hits high at 1097.0

Trail stop to 1088.5

2:29 pm - Trade #15 is long at 1091.0

Stop loss at 1083.5

2:25 pm - Trade #14 stopped out at 1070.5 for Dec contract

Profit +9.5 pts.

3:41 pm - Trail stop to 1070.5 for Dec contract

3:37 pm - FKLI Nov hits 1085.5

That is the highest I have seen for a long time.

FKLI Dec is playing catch up. It is now 1080.5

3:18 pm - FKLI Dec contract hits 1079.0

Trail stop to 1069.5

11:04 am - FKLI hits new high 1076

Remember this too will past.

10:16 am - FKLI hits new high of 1073 - high over 7 years

New high been achieved.

10:13 am - Trade #14 long for Dec contract at 1061 yesterday

Trail stop to 1062.5

10:04 am - DJIA -158 drop last nite. Big impact to FKLI and Cash market

FKLI market gap down and sell down to 1056. Got out at 1062.5. Profits +30.5

5:16 pm - FKLI hits high of 1069.5

Trail stops to 1062.5 pts.

10:22 am - FKLI hits high of 1065.5

Trail stops to 1059.5/1060 pts.

4:47 pm - FKLi hits new high at 1059.5

Trail stop to 1053.5

10:11 am - FKLI hits high of 1052.5

trail stop to 1046.5 pts.

11:03 am - FKLi hits high at 1045.

Trail stop to 1037.0

5:07 pm - Trade #13 is triggered long at 1032

FKLI hit 1037 and stop trail to 1030

11:55 am - Trade #11 stopped out at 1024.5

Profit on hand +17 pts.

10:23 am - Trail stop to 1024.5

9:24 pm : the highest closing level since July 1997

The underlying KLCI, which traded at a premium to the
futures market, rose 10.28 points to 1,030.09.

The last high was 1021 back in Feb 2000. We are witnessing history here !

4:58 pm - FKLI hit high of 1027.5

Notice that FKLi hit 1036 on 18 Feb 2000. This is the last high. We are 8.5 pts from the last high.

3:12 pm - Trail stops to 1017.5 pts.

10:27 am - Trail stop to 1016.5 pts.

Trail is in the money +9 pts.

2:53 pm - Trail stop to 1010.5

10:58 am - Trail stop to 1010.0

10:08 am - Trail stop to 1009.0

3:18 am - Trade #11 is triggered long at 1007.5

Stop loss at 1004

4:00 pm - Futures market is taking a beating due to Democrats winning the election.

Expect DJIA to take a hit tonite.

FKLi is trading with a lot of volatility

3:07 pm - Stop triggered at 1002.5

Profit +1 pts.

9:47 pm - Cash is beginning its run with foreign funds buying

It is good to know that this breakout is not fake and the volume is huge but not climatic yet. Normally at the peak, you wud see huge tremendous volume just before reversal.

9:41 pm - FKLI hit 1007.5 and Cash closes above 1,000 pts.

The STAR business section has highlighted that the market hits above 1,000 pts. Caution from this point.

1:13 pm - Trail stop to 997.5 pts.

10:02 am - Trade #10 is triggered long at 1001.5

Stop loss at 996.5

11:33 am - Trade #9 out at 993.5

Profit +11.5 pts

3:01 pm - Trail stop to 993.5

11:31 am - Trail stop to 991

7:32 pm - Trail stop to 990.5

4:50 pm - Trail stop at 990

2:49 pm - Trail stop to 985.5

9:03 am - Trade #9 is triggered long at 982.0

This was the trade for yesterday.

9:46 am - Stopped out at 983.5

Profit +7.5

9:22 am - FKLI stop loss at 983.5

4:24 pm - Trail stop to 979.5 for trade #8

11:19 am - Trade #8 is triggered long at 976.0

Stop loss at 973.0

4:23 pm - FKLI MACD is down but above 50MA

Be ready to go long again when MACD cross up again.

3:59 pm - Trail stop to 977

stop out at 977.0. Profit 15 pts.

9:23 : Trail stop to 976

4:05 pm - Trail stop to 975.5

9:43 am - Trail stop to 974.5

4:46 pm - Trail stop to 970.0

12:47 pm - Trail stop to 968.5 pts.

11:33 am - Volume for cash is coming in nicely !

I think this is breakout for real !

11:04 am - Trade #7 is triggered long at 968.5

Stop loss at 966.5

10:49 am - Trading is becoming increasing difficult

Look like the FKLI market is going sideway for a long time.

11:06 am - Stop out at 963

Profit +1 pt

10:26 am - Trail stop to 963.0

Trade is in the money +1 pt.

Trade #6 is long at 962

MACD cross up this morning.

Stop loss at 958

Trade #5 is stopped out at 963.0

Loss -1 pt.

Trade #5 is triggered long at 964

Stop loss at 963

Stop out at 961.0

Loss of 1 pt.

10:00 am - Go long at 962

Stop loss at 958.0

2:40 pm - Look to short below 50MA at 956.0

Meanwhile stay aside.

12:22 pm - Stop out at 962.5

Profit +12 pts

3:35 pm - Trail stop to 962.5

10:00 am - Trail stop to 961.0

9:42 am - Trail stop loss to 954

9:40 am - Long trade triggered at 950.5 on 13 Sept

Stop loss at 945.5

10:12 am - Stopped out at 949.5

Loss of 3.5 pts.

5:07 pm - Shorted at 946.0

Stop loss at 947.5

7:57 am - Shorted for Trade #2 at 953

exited at 952.0. Profit of 1 pt.

5:15 pm - Finally the short signal is here.

However, I was waiting for a pullback to go short.

It did not come to 956.0 but instead went down further.

At this stage, it is discount +16.3 pts.

See if tomorrow have any chance to short.

4:55 pm - Waiting for the next opportunity

I waiting to either go long or short for Sept contract.

11:22 am - My mthly quota has exceeded

I cannot trade until beginning of next mth - Sept.

11:20 am - Stops triggered at 945.

10:18 am - FKLI triggered long at 947.5

Stop loss at 945.0

11:58 am - FKLi stopped out at 940

10:25 am - MACD cross up - Long triggered at 942

Stop loss at 940

10:20 am - Cash looks like it is going sideway

Let hope to get some trades on the last week of the month.

10:43 am - Stopped out at 939

10:14 am - Trade #19 is triggered long at 943

Stop loss at 939.0

12:23 pm - Trade #18 is stopped out at 936.5

Profit of 1.5 pts.

8:55 am - Trail stop higher to 936.5

10:33 am - FKLI has moved higher - Trail stop higher

Put stop to 932.0

12:04 noon - Trade #18 is triggered long at 935

Stop loss at 930.5

4:42 pm - Trade #17 is stopped out at 931.5

The market FKLI is chopping.

11:47 pm - Trade #16 is stopped out 931.0

Loss of 5.5 pts

11:40 am - FKLI MACD had cross down and below 50MA

Trade #17 is triggered short at 929.0

Stop loss is 931.5

3:12 pm - Trade 16 is triggered long at 936.5

Stop loss at 931.5 pts.

5:11 pm - FKLI Trade #14 is triggered at Long at 926.5

stop loss at 920.0

8:44 am - FKLI - waiting for it to dip below 50MA to short

It is top a game of waiting.

I wanting to go short at this stage as the cash is being on an uptrend for 2 weeks.

4:57 pm - Stop triggered at 918.5 with slippage of 0.5

My stops were at 919. But that's trading. Loss is unavoidable

11:31 am - Trail stop to 917.0

10:52 am - FKLI MACD cross over for Aug contract

Long at 920.5. Stop loss at 915.5

9:17 pm - FKLI is trending up

Wait for MACD to cross up.

11:52 am - Gap down took out my stop at 904.5

Profit +19.5 pts.

10:27 pm - Move stop to 901

FKLI gap up reacting to +220 DJIA up market.

9:11 pm - Move stop to 890.0

4:10 pm - Move stop to 889.5

FKLI is getting weaker. It is one day 2 of uptrend. Maybe tomorrow we wud see a sell off after morning of upbreak.

10:03 am - FKLI may find some support at 900-904

DJIA has a support at 10700-10750. I wud expect Cash to do the same.

10:01 am - Trail stop to 887.0

Trade is in the money.

3:54 pm - Trade #14 is triggered long at 885.0

Stop loss at 879.5

3:52 pm - Trade #12 is out 883.5 pt.

Profit at 14.5 pts.

10:01 am - FKLI is overly sold at this point

trail stop to 883.0. Trade #12 is in the money.

11:06 am - Trade #12 is triggered long at 898

Stop loss at 901.5

3:55 pm - Trade #11 is out at 907.5

11:10 am - Trail stop to 907.5

9:36 am - Stop at 906.5

5:10 pm - Trade #11 is triggered long at 912.5

Stop loss at 907

3:20 pm - Trade #10 is out at 906

Profit +6 pts.

10:39 am - Trail stop to 906

3:43 pm - Trail stop to 903

trade is in the money.

2:06 pm - FKLI hit upside to 907.5

Trail stop to 900.5

10:10 am - FKLI long signal triggered at 900

Stop loss at 895

4:02 pm - Short triggered for Trade #9

Short at 895.5. Stop loss at 898.5

5.00 pm - FKLI short setup is triggered.

Look to short on pullback. FKLi trading at 25 pts discounts.

4:20 pm - Cash trading at 23 pts discount

At this point, cash has to go down to correct the overly expensive discount.

11:41 am - No short signal until 50MA is breached

50MA is at 896.5

10:06 am - Stop trigger at 905.5

Loss of -2.5 pts for trade #

FKLI MACD had crossed down. FKLI has been up for 5 consecutive days. It is time the bear to take over.

3:53 pm- Trail Trade #8 to 905 stop

10:36 am - Trade #7 is in at 908

Stop loss at 902.5

4:19 pm - Trade #7 is out at 898

Though cash has moved higher, FKLI did not.

FKLI MACD had cross down but not 50MA so no short signal yet.

Trade #6 is +0 pts.

10:08 am - Trail stop to 896.5

4:06pm - Take profit for Trade #6 and rollover long position to July

Profit+8 pts. Long July contract at 898.0 Stop loss at 893

Support at 897

10:04 am - FKLi trade #6 is on for 906.5

It is 10 am and FKLI has crossed over and new breakout.


Stop loss at 902.0

9:05 am - FKLI trade #5 is stopped out at 897

Slippage of +0.5 pts. Profit +14.5 pts.

12:11 am - Trail to 897.5

11:10 am - Trail stop to 893

10:49 am - Trail stop to 892.5

3:01 pm - Trail stop to 889.5

10:29 am - Trail stop to 888.5

4:21 pm - Trail stop to 887.5

10:43 am - Trail stop to 887.0

9:08 am - FKLi gap up to 890

Trail stop to 885.5

3:19 am - Trade #5 is trailed to 879.0

12:29 pm - FKLI is triggered long at 882.5

Stop loss at 877.5

10:34 pm - FKLI did not had a 7 bar l/c

There were no short signal yesterday.

10:21 am - FKLI MACD abt to cross down and below 50MA

The short signal is here soon. Be ready to short at 875.5.

Due to the sideway market. SHort when the market pullback abit.

SHort at higher

9:36 am - FKLI MACD is still up.

No long or short signal yet.

THE cash mkt is still weak. The foreigner had cleared out, so what is left is the local funds holding the mkt. If the foreigner don't come, the mkt wud move sideway for a very long time.

The cash has a good support at 880-885.

Weekly pivot
R1 = 916.6
P = 899
S1 = 881.3

To see an uptrend, it has to clear 900 convincingly.

9:34 am - DJIA +200 pts certainly push up thing

The FKLI is directionaless and sometime like +200 pts from DJIA wud make the gap up interesting.

By following the system and not shorting after being stop out for trade #4, we wud avoid big losses. Imagine short at 877 and mkt gap up to 887.

Follow the systems

2:49 pm - Trade #4 stopped out at 877

Loss of 3.5 pts.

9:42 pm - FKLI gap up to 881 and straight to 885

Trail stop to 876.5 for trade #4

4:54 pm - FKLI turn up and down.

Long at 880.5. Stop loss at 875.5

2:28 pm - FKLI MACD is abt to turn up.

Be ready to go long when it cross up. FKLI trading at 22 discount.

10:14 am - Trade #3 is a win on the short side.

Trade #3 was triggered short at 884.5 and got out this morning at 878.5

Profit is 6 pts.

10:42 am - FKLI MACD had turn up

It must clear 896.0

11:09 am - Trade #2 is stopped out at 896.5

Profit +14 pts.

2:55 pm - Trail stop to 896

Trail trade #2 to 896

12:02 pm - Cash is dropping below 200MA

This is a significant event for everything cash falls below 200MA, there is a program selling happening.

11:37 am - FKLI selldown today.

Trail my stop lower to 903. Trade #2 is in the money.

The FKLI is trading at 20-22 pts discount. It can go lower to 25-27 and at 30 pts, arbitraguer wud push the discount back. Watch out to go long for countertrend.

4:17 pm - Short at 910.5 as FKLI had turned down.

Stop loss at 912.5 for Trade #2

1 pm - FKLI get hit today.

I was out from my long position with a small loss yesterday . Again. my atr stop works !

10:16 am - Trading FKLi is tough - market just moving sideway

When FKLI cross up and then it cross down, there is no trend at all not even for 2 days.

12:38 am - FKLI June contract short at 904

Stop loss at 905.5

11:35 am - Trade #20 for June contract executed on 28 May stopped

There was a long signal last Thur - went long at 913.5 and got stopped out before 5 pm at 911.5.

The DJIA had another +180 pts drops. Market gap down extreme. The system got me out before disaster struck.

Think of going short at this point for June contract. The short signal is on. Long to short at pullback from high to minimize loss.

12:33 pm - FKLI is undergoing bullish divergence soon.

Besides, the June contract is at 14 discounts.

10:26 am - FKLI institution rollover is happening.

12:04 pm - Stopped out at 919.0

Loss of -5 pts.

11:38 am - Trade #19 triggered long at 924.5

Stop loss at 919.0

9:59 am - FKLI MACD have crossed up. Long signal is on.

Trade #19 is on. Trying to get in at 924.5

9:54 am - Trade #18 stopped out at 923.0 yesterday

Profit +17 pts.

10:26 am - FKLI wud not go down further other than 916.5

Trail stop to 923.0

8:37 pm - Significant of trade #18

After a huge gap down and loss of 10 point for trade #17, the next trade wins its all back (trade #18 is in the money 16.5 pts) . It is interesting that for every trade that you lose, there is another big winner waiting for you.

8:34 pm - Trade #18 is triggered short at 940 on 18 May

Short at 940 when MACD cross down. Today, cash experience its biggest fall. I think there wud be more fall. If short, maintain position, else look to short back at 922.5

Stop loss at 923.5

9:24 am - FKLI gap down EXTREMELY

My stop at 945.5 triggered at 940.0. Due to 200+ pts loss of DJIA, our cash mkt has to go down. This week saw DJIA lost -500 pts due to higher inflation and FEd interest rate hike.

The bullish days (I think is over) and look for opportunity to short on pullback.

I am clearing all my stock portfolio for clients.

Last Black Monday for DJIA to experience 1987 Oct 10 was -500 pts drop. Are we seeing a repeat ?

10:15 : FKLI long position is triggered at 950.5

Stop loss at 944.0

8:40 pm - FKLI came down close to 957 but my stop at 956.5

I survive for today. I hope to do better tomorrow.

Stop is at 956.5

10:59 am - Trade #15 is long at 951

Stop loss at 947.5

9:27 am - FKLI just gap up due to TNB single share

THE MACD has cross up. Long position is on but waiting for a good entry.

I tried to enter yesterday but did not get my price filled at 945.5

Good entry at 950.0/950.0

5:17 pm - FKLI abt to cross up.

Cash took a turn and decide to breakout on the last 1 min.

Tomorrow wud be an interesting day. Look to go long on dips provided MACD have crossed up.

5:01 pm - Cash appearing to be reversal.

Appear a reversal bar at the top.

5:01 pm - FKLI cross down again.

Look to go for long.

4:28 pm - Trade #14 is stopped out at 944.

Break even trade +1 pts.

9:52 am - Move stop higher to 944.0

2:56 pm - Stop at 941.0

9:55 am - Trade #14 long at 943

MACD cross up for May contract.Stop loss at 940.0/940.5

11:14 am - Trade #13 ended with 3 pts profit.

FKLI May MACD had cross down and is trading below 50MA. This is the last day of April contract. Wait for May 2 to trade and signals are mixed.

11:07 pm - Trail stop to 940.0

Trade #13 is in the money.

FKLI is only few points from the historical high at 954.5

9:37 am - FKLI May Contract long at 938.5

Sell stop at 936.5. This is trade #13

4:18 pm - Trade #12 is out at 940

Today, there is a lot of short covering in the morning as the short did not work.

FKLI MACD abt to turn up. At this junction, go for May contract so we can rollover to the next mth.

4:56 pm - Trade #12 is shorted at 938.0

Stop at 941.0

11:03 am - Trade #11 is stopped out at 941

Long at 943 and got out at 941 with a loss of -2 pts.

The FKLI now has turned down - MACD had crossed down and sell signal is on. FKLI is dippg below 50MA.

Daily pivot
R1 = 946.0
P1 = 943.5
S1 = 940.5

12:20 pm - FKLI cross up and long signal

FKLI traded higher and broke up. Trade #11 is long at 943.0

Stop loss at 941.5/941.0

10:42 am - FKLI MACD abt to turn down.

No short selling since it is above 50MA.

10:24 am - There were no long signal on last gap up

MACD cross up but there were no 7 bar line change. So no trade took place.

Although the FKLI gap up to 936 and ran up to 943.

We are seeing some strong resistance at 943/945.

9:52 pm - Trade #10 ended with a loss -1.5 pts

Trade #10 is a loss. Entry long at 933.5 and stop out at 932.0 today.

Daily Pivot for tomorrow is
R1=935.5
P1=931.5
S1=927.5

To go short either take the breakout of 927.5 or short on pullback.

At this point, I may want to short on pullback.

FKLI MACD had crossed down and below 50MA. Signal - Time to go short.

10:12 am - FKLI is ready to cross up

MACD cross up and buy signal at 935.0/934.5

Daily Pivot:
R1 : 934.5
P : 932.0
S1 : 930.0

9:36 am - Wait for MACD to cross up

Long position shud be at 935.5/936.0

10:08 am - MACD has crossed down.

If it break down to 930, this is definitely a short day. I think it wud hold and move sideway before thrusting upward.

Wait for MACD to cross up and long signal at 940.5/941.0

2:35 pm - Wait for the MACD to cross first

At this stage, it is silly to short the market unless for quick 2-3 points profit.

Wait for the MACD to cross up.

10:36 am - Take profit at 939 as it reach high of 944 today.

Profit of 14 pts for trade #9.

10:52 am - FKLI finally broke thru at 934

Trail stop to 930.0.

Is FKLI finally trending up and breaking new high to 935.0. Wait till it break 937.0 and it is a new high.

10:06 am - Trail stop to 929.0

Trade #9 is in the money.

6:39 pm - Trail stop to 924.5

Just 0.5 pts from B/E

4:56 pm - Trail stop of Trade #9 to 921.5

3:47 pm - Trade #9 is long at 925

Stop loss at 921.0

1:38 pm - FKLI abt to cross up

Set up is here. And be ready for MACD to cross. Buy potential at 925/926

11:45 am - A wider stop of 3.0 ATR before 11 am wud be better

A 3.0 ATR stop before 11am can counter the volatility giving our stop at 926.5 , a 0.5 pts above today high so we wud not be stop out.

10:15 am - FKLI gap up to 925

FKLI April mkt gap up and hit my stops at 926.0

Trade #8 is out with -3 pts loss.

Can a wider gap at 926.5/927 wud do the trick ?

We shall see at the end of today.

4:59 pm - FKLI April hits lower to 921.5

trail stop lower to 925.5/926.0

2:56 pm - Short April at 923.0 for trade #8

Stop loss at 927.5

11:29 am - Cash is turning south.

FKLi MACD had crossed yesterday. We are targeting April contract from now. After MACD crossed down, we can take short signal at 923 for breakout or short on pullback
at 927/927.5.

The order for short is for today which is within the 7 line bar change since MACD cross down.

Daily April Pivot
R1 = 932.0
P = 929.33
S1 = 926.5

12:28 pm - Stop triggered at 932.5

trade #7 is out at 12 pts profit.

9:47 am - FKLI hits higher to 935.5

This is the higher it got since last high. Trail stop to 932.5

5:19 pm - Stop at 930.5

In the money +10 pts for Trade #7

5:07 pm - cash mkt break 932 and above.

It is important that FKLI break 932.5 and higher. Trail stop higher to 930.5

11:25 pm - FKLI still remained at 932.5

Trail stop to 929.5/930.0

5:12 pm - FKLI hits 932.5

Trail stops to 930.

5:02 pm - FKLI hit 931

Trail stop to 928.5

4:54 pm - FKLI hits 929.5

Trail stop to 927.5 for trade #7

4:31 pm - FKLI hits 929 again

Trail stop to 926.5

10:42 : FKLI gap up to 929

Trail stop to 926.5

12:30 noon - FKLI is trading at par now to cash mkt

It still has 5 days to closing and wud see FKLI pullback on Monday before it converge on friday.

12:29 pm - FKLI hits 926.

Trail stop loss to 923/923.5

10:23 am - FKLI hit high at 925

Trail stop to 922.5/922.0

11:26 am - FKLI trade #7 is long at 920.5

FKLI MACD cross up and 7 line change occur for buy signal.

Stop loss at 918.5

8:21 pm - This is the worst that can happen to a trader

THe FKLI market average daily range is 2.5 pts. What a day ? The mkt is moving sideway and the volume is so low at 795 that everyone goes into sleep.

5:48 pm - FKLI trade #6 ended with -0.5 loss

Stop out at 918.5 with entry at 919 for long position.

9:35 am - FKLI hits 919.5

Trail stop to 916.5.

3:41 pm - FKLI hit 918 and MACD cross up

Buy signal is up. Trade #6 is long at 919.0

Stop loss at 915.5

11:18 am - FKLI trade #5 is stopped at 918.0

Loss at 2.5 pts.

3:33 pm - FKLI Trade #5 is shorted at 915.5

MACD had crossed down with 7 bars line change and below 50MA. All short setup and short signal is triggered.

Stop loss is 918.5/919.0

11:58 am - FKLI is not going anywhere

Wait for the setup.

5:02 pm - Stop out at 918

No loss. MACD had turn down. Looks like it is sideway from here onwards.

3:42 pm - Trail stop to 918.0

10:00 pm - Trade #5 is long at 918.0

Stop loss at 914.5. FKLI MACD cross up and long signal is on.

2:35 pm - FKLI is near is 61.8% retracement high of 919

FKLi high was at 918 and near 919.5/920.0. If it can break this resistance, FKLI is trending higher.

4:15 pm - FKLI has broken above 50MA at 912

The FKLI did break upside at the middle of MACD, it maybe due to short covering by EOD trader. The short covering by hrly trader was yesterday.

Yes, we do miss this kind of run.

Upside capped at 919.5/920.0 at 61% retracement

10:02 am - FKLI has broken 910.5

FKLi is the middle of MACD so no buy signal. Let this one thru.

3:08 pm - FKLI has cross up and not break 910.5

FKLI is already in the midst of MACD. No long signal despite there is a long setup

9:51 am - FKLI is showing bullish divergence

As the price is dropping lower, but the MACD is moving higher.

A good setup for long position is in the making.

The long entry is at 911/911.5

9:51 am - FKLI Trade #4 is stopped out

Stop loss at 909. Loss -4 pts.

4:25 pm - Trade #4 is on - Short at 905

stop loss at 909/909.5

4:21 pm - FKLI short setup and short signal on

Short at 905.0

3:17 pm - FKLi selldown to 907.5

FKLi cannot break upside of 912.5

11:42 am - After 4 days of consecutive down days

This is a short covering activities where shortists cover their short position by going long and we see a upsurge in the FKLI.

11:15 am - Cash is currently at 50% retracement of Fibonacci

This is a common pattern of Cash mkt retrace to 50% of the mkt at 911.3

10:54 am - FKLI did cross up and long setup is on

Look to buy if it break 912.5

4:52 pm - FKLI : Look to go long at 915 pts.

The daily pivot is 916.33, R1 = 919.58 and S1 = 913.0

FKLI need to stay about 913 for long setup.

4:35 pm - FKLI has been down for 4 consecutive days

There is a high chance of the FKLI to rebound after 4 days of down. Yes, we did miss the short signal but we do not catch them all the time.

Remember risk and money management to prudent futures trading.

Watch for the long setup and buy signal.

6:35 pm - FKLI could cross up and selldown

FKLI cud not cross up to 920.5 and beyond and roll down hill.

There was no opportunity to long and it is in the downtrend as MACD had cross down.

3:55 pm - Alert for long setup at 920.0/920.5

Wait for these level for long setup

12:10 pm - FKLI hit low at 916.0

FKLI is overweigh to selldown.

10:31 am - Cash was oversold yesterday. Wait for long set up

12:26 pm - FKLI did not cross up and selldown

Wait for 50 MA to cross down to go short. But not now.

5:07 pm - FKLI March abt to cross up

Ready to go long. entry at 928.0/928.5 pts.

3:28 pm - FKLI had crossed down

Wait for the long setup now ...

12:14 pm - FKLI March has crossed down

Look out for Long setup when FKLI March MACD to cross up.

10:40 am - FKLI March is crossing down.

IF FKLI March cannot break 927, it is going to cross down. However, it is still far from 922 (below 50MA) to go short.

10:11 am - FKLI Feb contract is closing today.

Cash gap up and it is not a good sign at the high of 931 and above.

FKLI reacts by gap down. If cash holds on, FKLI wud pick up by lunch.

10:56 am - FKLI rollover is still on with limited volume

There may be some opportunity in the this week for long position. Look for setup and buy signal.

4:20 pm - March FKLI has cross up similar to Feb FKLI

There were no cross down for March FKLI and March FKLI cross up again to push up to 922.5.

Stay out for the time being.

4:17 pm - FKLI MACD to cross up

This is not a buy signal as this is part of the earlier cross up which occurred yesterday.

2:34 pm - FKLI is very choppy now.

FKLI is trendless now and it depends on news to move.

2:22 pm - Trade #2 was stopped out at 923.0

Tighten my stop to 923.0. Loss -2 pts.

This is record loss for 6 consecutive losses. But average losses per trade is 2 pts.

I am waiting for the next winning.

4:12 pm - Trade #2 is long at 925.0

Long position is triggered at 925.0.

stop loss at 922.5/922.0

11:19 am - FKLI long setup is forming

Ready for MACD to cross up and long at 924.5/924.0 for Feb Mth or 920.5/921.0 for March Mth.

March Mth wud be better if we can carry the contract longer than Feb Mth.

10:44 am - FKLI is holding on its support 924/924.5

It did break below 923.0 and shot back to 924.0

By ready to go long. The long setup is in the making.

12:49 pm - FKLI sell down to 924

I think FKLi is going to selldown lower. However, there is not short setup or sell signal.

Opt to sit this one out.

10:14 am - FKLI is becoming unpredictable

Mkt gap up to 929 (+1 pt) and top at 931 and then selldown. It is difficult to trade until the last few days of the month from 21 Feb onwards.

FKLI has to break 933.5 to go long and break 924.5 to go short. Else it is ranging.

5:11 am - Trade #1 is stopped out at 928.5

Loss -2 pt. Trading is not all rosy.

4:01 pm - Cash looks strong today +2.93 pts = 930

Tighten stops to 928.5

3:01pm - FKLI did not hit the 929.5 stop

FKLI is still trading sideway, refusing to go down.

4:42 pm - Trade #1 is short at 926.5

MACD cross down and hit below 50MA. Short position is initiated.

Stop loss is at 929.5

4:14 pm - FKLI MACD had crossed down

Need to wait for it to crack below 50MA for short. Else sit out until the wash is completed before going long again.

3:08 pm - FKLI stop out at 929.5

Trade #20 ends with a loss 3 pts.

11:16 am - Trade #20 is long at 932.5

Stop loss at 929.5

4:35 pm - FKLI long setup is here and buy signal is here.

Based on many false signals over last week, I waiting for this to break 931.0. i.e. it has to break 931.5.

If this break, it wud be the 3rd time.

2:41 pm - Trade #19 stopped out at 929.0

Short position was not successfully. Loss of 3.5 pts.

FKLI moving sideway and we wud see of lot of entry setup and stop out.

That's trading.

10.00 am - Trail stop lower to 929.0

9:48 pm - FKLI gap up to 928 and hit 929 high

The stop at 929.5 pts was not triggered and selldown to 925.0

Generally, gap up is good day to short FKLI.

4:25 pm - FKLI short position Trade #19 is triggered short at 925.5

stop loss at 929.5

4:18 pm - FKLI is hovering above 50MA.

FKLI MACD is abt to cross down. Set short position to go short at 925.5/925.0

4:06 pm - FKLI Trade #18 stopped out at 926.5

Break Even.

3:35 pm - Trail stop higher to 926.5

11:25 am - Tighten stop to 926.0

9:37 am : FKLI hits high of 930.5

Trail stops to 925.5 pts.

11:11 am - Tighten stops to 923.5

Trade #18 is going noway, so tighten stop

11:04 am - FKLI looks like going on a sideway trend

During mid month, FKLI can do sideway movement a lot.

10:56 am - FKLI has not gone beyond 923

Trail stop higher to 923.0

3:30 pm - Trade #18 is long at 926.5

Stop loss at 922.5

10:13 am - FKLI gap up and cannot go down further

FKLI MACD about to cross up. It has to break 926.0 for a long signal.

Trade #18 is position to long at 926.5/927.0

11:25 am - After wash up to 928, FKLI prepare to selldown

FKLI 50MA is at 921.5 and FKLi is low at 922.0. However, the MACD is the middle.
So there is no setup but a short signal.

Stay out until it cross down and below 50MA.

Yes, this is a good location to short but it is NOT part of MACD setup.

10:10 am - FKLi cannot hold to up and run up

As all the short position got out, the FKLI return back to 925/926.0

9:49 am - FKLI just cannot break 923 - 3 times

As FKLI cannot break the support at 923.0 and time passes by, more and more traders are eager to get out of their short position (like myself), they tighten their stops.

Naturally, all the stops were triggered all the way to 928.0.

I was in yesterday at 924.5 and got stopped out at 926/926.5. My short setup is not based on MACD cross down.

10:13 am - FKLI continues to sell down

FKLi is having a healthy retracement at this point. But at this point, no short position signal nor setup until 50MA is breached.

10:09 am - Short FKLI after 6 days of uptrend

Yesterday, I shorted trade #17 at 930 just after lunch at 2.33 pm when MACD abt to cross down with a stop at 931.5.

There was a wash up to 933.0 before the 4 pm selldown. Stopped out at 931.5

Small loss of 1.5 pts.

10:21 am - FKLI hits high at 931.5 and wud not go higher

At this junction, my stop of 2.0 ATR is at 927.0

Trade #16 is stopped out at 927.0 pt. Profit of 27 pts.

A record win for this year.

9:31 pm - FKLI hits new high at 930.5

Trail stop to 926.

3:57 pm - KLCI cash market buckles against regional markets

Cash market is going against regional markets. This is due to KLCI is out of sync with the world since CNY. However, klci trend wud follow regional

FKLI has been up for 5 days. So, start to think of going short. However, wait for sell setup and short signal.

FKLI last reach high of 931.5 in Sept 2005. If it touches it, it wud the 2nd time it fail to break the 931/931.5 resistance.

Trail stop to 925.0.

10:53 am - CNY rally is still on

I am surprised to see CNY rally is continuing. If it breaks 930, we have a change in the trend.

10:45 am - FKLI hits high at 926

Trail stop lower to 921.5

5:17 pm - FKLI hits high at 921.5

Trail stop to 916.5 pt. Trade #16 is in the money -> 16.5 pts.

This is the big fish that comes once per mth or two mth.

The FKLI opens next Fri. It wud be interesting to see how it goes since it is out of sync for a week with the regional mkt. Nikkei is up +350 pts. That's fantastic.

See how DJIA wud work out tonite.

1:07 pm - FKLI holding on higher to 919

Stops remained at 915.0.

10:22 am - FKLI hits high at 919.5

FKLI has been trailing up for 3 days or more or 25 bars. At 25 bars, trail your stop tighten your to 915.

This is a good month. CNY rally did come back after all.

5:49 pm - Institution rollover of Jan to Feb 2006 completed

As the rollover is almost completed, FKLI for Feb hits high at 914. Trail stop to 909.0

12:12 pnm - FKLI cannot go higher.

Since FKLi is approaching the 20+ bars, tighten stop to 906.0

10:15 am - FKLI Feb hits high at 910

Trade #16 is trailed up to 905.5. In the money.

9:22 pm - FKLI Jan/Feb hit high at 907/912

Trade #16 is on Feb mth. Trail stop to 902.5. Trade is in the money.

12:04 pm - FKLI MACD cross up and buy signal is on.

Trade #16 is on. Long is on at 900.0.

Stop loss at 896.5

12:28 pm - FKLI showing bullish divergence

There is long setup coming soon. The FKLI price is moving down but the MACD is moving higher.


Watch out and tighten trade #15 to 901.0

11:53 am - Late update Trade #15 - Short at 903.5

Trade #15 short is triggered at 903.5.

Stop loss at 901.5

11:11 am - FKLI is in downtrend. CNY rally is over

The daily FKLI MACD has crossed down. It looks like a short position from now onwards.

CNY rally is over.

10:45 am - Trade #14 stop is triggered at 906.5

Loss of 3 pts.

10:28 am - This Jan mth is ending earlier due to CNY

We wud have shorter trading month. So the last trading is 27th Jan, 2006.

Therefore, institution wud be doing their mthly rollover of contract and MACD cross over gives occasional false buy or sell signal.

It is best to stay out during these time.

10:22 am - Trail stop higher to 906.5

I may close this trade if the MACD abt to cross down.

4:43 pm - Trail stop to 905

IF FKLI close above 908, it is in a good position.

12:45 pm - Trade #14 is on - Long at 909.5

Stop loss at 904.0 pt.

10:00 am - FKLI needs to break 909.5/909

FKLI needs to break these level to go long.

9:55 am - FKLI long setup is on

FKLI long setup i.e. MACD abt to cross up. However, FKLI gap up meaning likely to selldown.

Daily pivot at
R1 = 908.5
P = 905
S1 = 902.5

FKLi need to break 908.5 convincely for long buy signal.

1:55 pm - FKLI falls further

Yes, it can fall further but look for long setup and buy signal.

3:56 pm - Past this trade !

The MACD first crosses on the 12 Jan 06. Taking a short position now is not MACD system. It has been downtrend over 3 days.

Skip this trade as the short signal is mixed (not clear).

2:01 pm - Look to go short for FKLI

Look to go short at 913.5/913.0. MACD has cross down.

Bollinger Bands is narrowing and it can expand upside or downside. If it breaks upside, go long else breaks downside, go short.

3:00 pm - FKLI may be trending sideway from now.

Shorts are covering their position but longs are not buying. This is a FKLI sideway market.

2:49 pm - FKLI - Lot of short covering activities

Due to short covering their short position, FKLI hits higher to 919.

Look for long setup and buy signal at this point.

FKLI hits triple bottom at 912.5/913.0. It has strong support at this triple bottom.

10:15 am - FKLI breaking MA 50 today.

FKLi is trading at the mid of MACD. So I wud wait for the next cross down to short. Pass this one.

5:40 pm - FKLI hits retracement hit of 61.8%

From the Fibo no. FKLI does not look it can go up. The major resistance to break is 925.0 pt and FKLI hit 923.5 pts.

The EOD candlestick is a long doji tail - topping tail. Sign of resistance is strong.

FKLI is showing sign of bearish divergence. Look for short position now rather than long position.

Watch for the short setup and sell signal.

5:40 pm - FKLI hit high and go nowhere from here !

Trade #13 was triggered at 919.5 and stop out at 917.0 where MACD cross up this morning.

The trade was in and out within one day. This is a significant event as FKLI have exhausted its bullish run. The FKLI is evidently showing bearish divergence.

Trade #13 ended with a loss of 2.5 pts.

Lookup for FKLI to cross down at MA 50 to go short from here.

Think of short position more than long.

11:44 am - FKLI long position wud be at the eod

Wait for the FKLI price to come to you.

10:25 am - FKLI has crossed down. FKLI is overbought.

The FKLI has eased off its buying and into selling terrority. Look for long position at 916.5/917. Wait for setup and buy signal.

11:29 am - FKLI weekly range average for this week is 32.5 pts.

The max weekly range average for year 2005 is 33.5 pts.

Can FKLI breaks 917 ? Maybe but it is statistically against me to trend against the trend.

I waiting for Trade #13 to go long and short if below 50MA.

11:12 am - Trade #12 stopped out at 910.5

This is good start for the year 2006. Profit +19.5 pts for trade #12

I was in the trade for 19 bars.

It is interesting to note that cash is up but FKLI is selling down.

11:01 am - FKLI hits high at 917

Trail stop higher to 910.5 pts.

The 917 bar is long doji and it hit daily pivot resistance at 917.75.

So I reckon it cannot go up further and sell.

3:34 pm - FKLI today creates a new record outlier for average daily range

Year 2005 average daily range was 19.0 pts. I think this was also during CNY 2005.

Today daily range is 19.5 pts. (915-895.5)

Trail stop higher to 908/908.5 pts.

3:22 pm - FKLI hits another new high at 914

Trail stop to 907/907.5 pt.

3:19 pm - FKLI hits 913.5 new high

It is interesting to see FKLI and cash run up so fast due to foreign fund coming in to buy. As of now, cash vol. is 526 mil.

I have not seen this kind of vol for a long time.

Trail stop to 906.5/907 pt.

2:57 pm - FKLI There were a lot of short covering early in the morning.

The EOD short position trader and inst. covered their position by going long and hence pushing FKLI higher into premium terrority.

2:54 pm - FKLI hits new high at 911.5

Trail stop higher to 905.0 pts.

1:43 pm - FKLI cracks 900 resistance and cash cracks 902 resistance

CNY rally is on and it started as predicted. It may not last long. Protect your profits (MONEY on the table).

FKLI went from disc -1 pts to premium +6.0 just in few minutes. FKLI is bullish now. I have not seen it gone to premium for a long time.

Interesting note was FKLI is the leading indicator. It breaks 900 at 9.15 am and Cash break 902 at 10.10 am.

Trail stop up to 904 pts. Trade #12 is in the money.

5:07 pm - Possible of cash breaking 902 for the 3rd time

This is a powerful indicator that CNY rally is back for Jan 2006.

4:54 pm - FKLI breaks R1 at 893

FKLI has the habit of breaking 893 1st and then retrace back. This is due to stop being triggered by stops of short position.

It wud fall back and the 2nd time it break 893 - this is a confirmation that it wud go higher.

4:48 pm - cash discount is almost nil. Cash need to gain more ..

Cash disccount now stds at 1.0. This is very bullish mkt if there's a CNY rally.

Trail stop up to 890.5/891. I am almost in the money today.

11:08 am - Trade #12 is long at 891

Long is in !

4:07 pm - Looking to go long at 889

This wud be a good spot to go long provided setup and buy signal comes together.

3:44 pm - FKLI trading below 50MA - 887.5

It is short time now. We missed the last MACD cross down, so now we wait for cross up to go long. If there is a CNY rally, it has to start this week.

Look for the setup and buy signal for long.